Grande Portage Announces C$1 Million Private Placement

Grande Portage Resources Ltd. has announced a non-brokered private placement, aiming to raise up to C$1 million. The offering will consist of up to 4,347,826 units at C$0.23 each. Each unit includes one common share and one warrant, with the latter allowing the purchase of an additional share at C$0.35 within 24 months. The initiative is under the Listed Issuer Financing Exemption.

The proceeds are intended for the New Amalga Mine project in Alaska and general working capital. The offering, subject to TSX Venture Exchange approval, may close in multiple tranches by December 19, 2025. Finders' fees might apply under certain conditions.

Securities from the offering remain unregistered in the U.S., limiting their offer or sale there. The company clearly states that this release does not constitute an offer for sale in the U.S.